Excess of income over exp. can’t be a reason to hold that trust isn’t engaged in charitable activities: HC

INCOME TAX : Assessee was a trust established for educational purposes – It established a matriculation school for offering education both in Tamil and English medium – It had also established a Teacher’s Training College – It filed an application for registration under section 12AA – Commissioner noted that income of assessee for four financial years was in excess of expenditure for both educational institutions – Thus,INCOME TAX : Assessee was a trust established for educational purposes – It established a matriculation school for offering education both in Tamil and English medium – It had also established a Teacher’s Training College – It filed an application for registration under section 12AA – Commissioner noted that income of assessee for four financial years was in excess of expenditure for both educational institutions – Thus,www.taxmann.com Latest Case LawsRead More

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